FMN | June 8th, 2020

Entries Open For Label Industry Global Awards 2020 Entries are now open for Label Industry Global Awards 2020. These awards recognize organizations and individuals who have excelled in the label and package printing sector in 2019. The top honor, awarded to either an individual or team, is the R. Stanton Avery Global Achievement Award, sponsored by Avery Dennison. Introduced at the 2019 Label Industry Global Awards in Brussels, the Rising Star Award, sponsored by Avery Dennison and the Label Academy, once again recogniz- es the emerging talent of an individual starting their label and package printing career, with the potential of becoming one of tomorrow’s leaders. Nominees should have worked in the industry for at least five years and demonstrate a strong potential for appoint- ment at the highest levels of the profession. The award for Innovation is based on size; one for companies with over 300 employees and another for those with less than 300 employees. Entries must be for the development of a specific innovation by a sup- plier or converter company in 2019 and can either be for a new business process or technology related. The Environmental and Sustainability Award ac- knowledges a new sustainable product or process in- troduced by a converter or supplier company in the label industry during 2019. Entry is free and submissions must be received by June 26, 2020. Graphic Packaging To Shutter Louisiana Machine Graphic Packaging International will permanently shut down operation of one of its paper machines in West Monroe, Louisiana. Sun Chemical To Increase Solvent-Based Ink Prices Sun Chemical will increase the prices of its sol- vent-based inks and coatings in North America, ef- fective July 1. Due to the significant increase in the demand for alcohols and solvents for use in sanitizers and pharmaceutical initiatives, the prices of these ma- terials have increased substantially, according to the company. In order to secure the needed components for the production of solvent-based inks and coatings, Sun Chemical has experienced raw material cost es- calation during the second quarter of 2020.These in- creases are expected to remain in place and possibly accelerate throughout the remainder of the year.

6 June 8, 2020 Flexo Market News

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